Project
| ID | INDIGO-POJ-0323 |
|---|---|
| Impact Bond Name - (Value) | Youth Social Mobility SIB in Nuevo Leon |
| Stage of Development - (Value) | Implementation |
| Stage of Development - (Source ID's) | source1 |
| Dates - Date outcomes contract signed - (Value) | 2024-07 |
| Dates - Start date of service provision - (Value) | 2024-09 |
| Dates - Anticipated end date of service provision - (Value) | 2026-11 |
| Dates - (Source ID's) | source1 |
| Overall project finance - Total investment commitment - Currency - (Value) | USD |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 937640 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 937640 |
| Overall project finance - Maximum potential outcome payment - Currency - (Value) | USD |
| Overall project finance - Maximum potential outcome payment - Amount - (Value) | 1068268 |
| Overall project finance - Maximum potential outcome payment - Amount USD - (Value) | 1068268 |
| Overall project finance - (Source ID's) | source1 |
| Purpose and classifications - Intervention - (Value) | The SIB operates on a pay-for-results model, fostering collaboration between the public, private, and social sectors to address social issues with maximum efficiency and transparency. CRS and YouthBuild Mexico will implement a comprehensive program over 28 months, focusing on training, labor inclusion, and support for youth. When achieving the agreed-upon results, the State Government will repay CRS. The program provides intensive training to 500 youth, with the goal to ensure that at least 60% of participants secure formal employment. Each milestone will have clearly defined objectives and verification methods, validated by an independent agency and aiming for job retention for nine months. |
| Purpose and classifications - Policy sector - (Value) | Employment and training |
| Purpose and classifications - (Source ID's) | source1 |
| Service and beneficiaries - Target population - (Value) | Individuals between 18 and 24 years old |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 500 |
| Service and beneficiaries - Unit type of targeted service users or beneficiaries - (Value) | Individual |
| Service and beneficiaries - (Source ID's) | source1 |
| Delivery Locations 1: Service Provision ID - (Value) | serviceprovision1 |
| Delivery Locations 1: Location - Name - (Value) | State of Nuevo León, Mexico |
| Delivery Locations 1: Location - Country - (Value) | MX |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 25.686613 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | -100.316116 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Information submitted by Alberro & Asociados and Catholic Relief Services in October 2024. |
| Sources 1: Type - (Value) | Email correspondence |
| Sources 1: Accessed Date - (Value) | 2024-10-02 |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-1649 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-1650 |
| Outcome Payment Commitments 1: Organisation Role Category - (Value) | Government/Public Sector/Public Bank |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-1651 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0063 |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-1652 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | School retention |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | Formal job placement |
| Outcome Metrics 3: Id | outcomemetric3 |
| Outcome Metrics 3: Outcome Definition - (Value) | 4 month job retention |
| Outcome Metrics 4: Id | outcomemetric4 |
| Outcome Metrics 4: Outcome Definition - (Value) | 9 month job retention |